PhD
Finance
The Finance group at MIT Sloan delves into the study of markets for real and financial assets, emphasizing the practical applications of modern financial theory widely adopted by Wall Street and corporations. Students gain a robust understanding of foundational theories and acquire the tools necessary for conducting both theoretical and applied research. After completing coursework in microeconomics and macroeconomics, students tailor their research programs with faculty guidance, often contributing to and expanding on faculty research. Notable faculty members include Hui Chen, whose research intersects asset pricing and corporate finance; Deborah Lucas, known for her work on public sector financial management; and Maryam Farboodi, who explores the economics of big data and its impact on financial markets.
Research from Finance Faculty
The price of silence is high
In recent years, one of the most talked-about concepts in the business world has been "quiet quitting," an employee consciously refraining from doing more than what is required. Many employees feel a lack of open communication within the organization. This creates an "invisible silence" within the organization. While managers think everything is fine, a different reality prevails on the ground. Professor of the practice Zeynep Ton emphasized that this situation is directly related to performance: "Companies that don't listen to their employees' voices also lose operational efficiency."
We may be entering a second Axial age
Senior lecturer Otto Scharmer wrote: "Being alive on this planet at this Axial juncture, where we can see the potential for both civilizational collapse and profound civilizational regeneration, and thus being part of a generation that has the opportunity to tip the balance in one direction or another, is perhaps the most meaningful gift anyone could hope for."
Warsh's take on Fed independence is met with confusion and some concern
"The challenge is if we have a severe crisis and fiscal policy doesn't respond quickly," said senior lecturer Eric Rosengren. "The flexibility that monetary policy provides is hamstrung" if the Fed agrees to limits on the size and composition of the balance sheet and needs permission to act.
The problem with astrology
Astrological discrimination is especially baffling because it's based not on noticeable physical or cultural traits, but on wholly invisible, imaginary ones. A study by associate professor Jackson Lu and co-authors found that the recent phenomenon of the popularization of Western astrology in China, with its 12 sign-related personality types, led to the emergence of a new prejudice in Chinese society: one against people who have the Virgo sign.
Select Finance Faculty
Full-Time Faculty
Paul Asquith
Gordon Y Billard Professor of Finance
Paul Asquith is the Gordon Y Billard Professor of Finance and a Professor of Finance at the MIT Sloan School of Management. Asquith is a specialist in corporate finance and a media source for the field of corporate finance and control, including…
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Hui Chen
Nomura Professor of Finance
Hui Chen is the Nomura Professor of Finance and a Professor of Finance at the MIT Sloan School of Management. His research focuses on asset pricing and its connections with corporate finance. Chen is particularly interested in the interactions…
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Taha Choukhmane
Albert F. (1942) & Jeanne P. Clear Career Development Assistant Professor in Global Management
John C. Cox
Nomura Professor of Finance, Emeritus
John Cox is the Nomura Professor of Finance, Emeritus at the MIT Sloan School of Management. A leading authority on corporate finance and finance theory, Cox has developed an inter-temporal financial model broad enough to include the fundamental…
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